Ottawa’s Real Estate Marketplace ~ October 2015 Edition

During the month of September 2015, members of the Ottawa Real Estate Board sold 1,244 residential properties, compared to 1,131 in September of last year, an increase of 10% in total number of properties sold.

It took an average of 93 days for a property to sell last month which is 4 days longer than the average in August and 8 days longer than September of last year.

Of these 1,244 sales, 1,023 were freehold houses, and 221 were condominiums.

September’s average home price for all properties sold was $362,431, up 1.5% from last year.
The average sales price for a freehold house sold last month, was $385,142, showing an increase of 0.5% over last year.
Condominium average prices rose 1.3% from last year to $257,303.

2,717 new properties were listed for sale in September, bringing the total number of properties for sale to 8,419 an increase of 6.2% over this time last year.